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Indianapolis Commercial Auto Shop For Sale

715 W 30th St Indianapolis, IN 46208

715 W 30th St, Indianapolis, IN, 46208
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Commercial auto shop with modern equipment in a bustling Indianapolis area.

Property Size3,059 SF
Price / SF$220.66
AddedNov 27, 2023
Days on Market960
Last RefreshMay 12 at 9:44 pm

Property Features for 715 W 30th St

General Information

Standard status
Active
Size
3,059 SF
Property subtype
Retail

Building Details

Year Built
1955

Listing office The Glenn Bill Group

Listing date Nov 27, 2023

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of The Glenn Bill Group


Investment Insights

Based on property information with market context.

Located at 715 W. 30th Street, Indianapolis, IN, this commercial auto shop offers an opportunity for businesses to establish a presence in a thriving area. The property features a spacious workshop area equipped with multiple service bays, suitable for handling a high volume of vehicles. Modern automotive tools and machinery ensure efficient service. A comfortable waiting area includes seating, restrooms, and a reception desk. The property also provides private office areas for administrative tasks and client meetings, along with ample storage space for parts, tools, and inventory. Extensive parking is available for both customers and vehicles awaiting service. Situated on a busy street, the property offers high visibility and signage opportunities. Accessibility to major highways and thoroughfares makes it convenient for customers from various parts of the city. Security features include surveillance cameras and a fenced perimeter. The location is close to automotive parts suppliers and related businesses, facilitating efficient operations and supply chain management. The surrounding area is a bustling commercial hub with a mix of businesses and residential neighborhoods, benefiting from a diverse customer base and a supportive network of local businesses, including automotive parts suppliers, retail stores, and dining establishments. Accessibility via public transportation and proximity to schools, parks, and other community facilities contribute to a vibrant neighborhood. The property size is 3059 square feet.

Key Highlights

  • Spacious Workshop Area: Equipped with multiple service bays, ideal for high vehicle volume.
  • Modern Equipment: Outfitted with state‑of‑the‑art automotive tools and machinery.
  • High Visibility: Located on a busy street with significant traffic and signage opportunities.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $51.4k $16.80
− Vacancy −$4.4k −$1.43
EGI $47.0k $15.37
− OpEx −$14.1k −$4.61
NOI $32.9k $10.76
3,059 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use
Retail
$470.2K
$411.5K – $548.6K (±1% cap)
NOI $32,916 @ 7.0% cap · market cap 4.88%
Second Best
Industrial
$217.8K
$190.6K – $254.2K (±1% cap)
NOI $15,249 @ 7.0% cap · market cap 2.26%
Theoretical Best
Office A
$761.4K
$666.3K – $888.3K (±1% cap)
NOI $53,300 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Tull Auto Services Auto Repair Shop

Suggested Use

Real Estate Agency Dental Office Building Supply Big Box & Wholesale Store Restaurant Auto Parts Store HVAC Service Law Firm Kitchen & Bath Showroom Hair Salon

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Tru Blu Mobile Auto Repairs — 2341 Dr M.L.K. Jr St, Indianapolis, IN 46208
  • BIG RED'S DISCOUNT TIRES — 2468 Dr M.L.K. Jr St, Indianapolis, IN 46208
  • LR Taller Mecanico — 2820 Burton Ave, Indianapolis, IN 46208
  • Towing Indianapolis — 961 W 29th St, Indianapolis, IN 46208, United States
  • Campbell's Collision Repair Shop — 1055 W 25th St, Indianapolis, IN 46208

FAQs

What type of property is this?
Auto shop - Commercial auto shop with modern equipment in a bustling Indianapolis area.
Where is this auto shop located?
The property is located at 715 W 30th St Indianapolis, IN.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Spacious Workshop Area: Equipped with multiple service bays, ideal for high vehicle volume.; Modern Equipment: Outfitted with state‑of‑the‑art automotive tools and machinery.; High Visibility: Located on a busy street with significant traffic and signage opportunities.
Contact an agent
(317) 590-7757 Call to check price and availability
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